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| Dimitrov, Dinko; Lazarova, Emiliya A.. |
| A coalitional matching is a two-sided matching problem in which agents on each side of the market may form coalitions such as student groups and research teams who - when matched - form universities. We assume that each researcher has preferences over the research teams he would like to work in and over the student groups he would like to teach to. Correspondingly, each student has preferences over the groups of students he wants to study with and over the teams of researchers he would like to learn from. In this setup, we examine how the existence of core stable partitions on the distinct market sides, the restriction of agents’ preferences over groups to strict orderings, and the extent to which individual preferences respect common rankings shape the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Coalitions; Common Rankings; Core; Stability; Totally Balanced Games; Two-Sided Matchings; C78; J41; D71. |
| Ano: 2008 |
URL: http://purl.umn.edu/37523 |
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| Polanski, Arnold; Lazarova, Emiliya A.. |
| We study dynamic multilateral markets, in which players’ payoffs result from coalitional bargaining. In this setting, we establish payoff uniqueness of the stationary equilibria when players exhibit some degree of impatience. We focus on market games with different player types, and derive under mild conditions an explicit formula for each type’s equilibrium payoff as market frictions vanish. The limit payoff of a type depends in an intuitive way on the supply and the demand for this type in the market, adjusted by the type-specific bargaining power. Our framework may be viewed as an alternative to the Walrasian price-setting mechanism. When we apply this methodology to the analysis of labor markets, we can determine endogenously the equilibrium firm size... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Multilateral Bargaining; Dynamic Markets; Labor Markets; Environmental Economics and Policy; C71; C72; C78; J30; L20. |
| Ano: 2011 |
URL: http://purl.umn.edu/108255 |
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